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Fly News Breaks for January 4, 2016
NWL, JAH, WWAV
Jan 4, 2016 | 07:05 EDT
SunTrust analyst William Chappell, Jr. moved WhiteWave Foods (WWAV) to Top Pick in place of Jarden (JAH) following the latter company's pending merger with Newell-Rubbermaid (NWL). The 20% pullback in shares of WhiteWave over the past six months has created an attractive entry point for investors, Chappell tells investors in a research note. He expects the stock to reach his $55 price target over the next 12 months and keeps a Buy rating on the name.
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